Overview

* Shentel Q3 revenue grows 2.5% yr/yr to $89.8 mln

* Net loss from continuing operations widens to $9.4 mln from $5.3 mln in Q3 2024

* Adjusted EBITDA for Q3 rises 11.8% yr/yr to $29.7 mln, margin expands to 33%

Outlook

* Shentel reiterates 2025 revenue guidance of $352 mln to $357 mln

* Adjusted EBITDA for 2025 expected between $113 mln and $118 mln

* Capital expenditures for 2025 projected at $260 mln to $290 mln

Result Drivers

* GLO FIBER GROWTH - Revenue from Glo Fiber Expansion Markets grew 41.1% due to a 41.3% increase in average subscribers

* SYNERGY SAVINGS - Cost of services decreased by $2.0 mln due to synergy savings from Horizon integration

* INCUMBENT MARKET DECLINE - Revenue from Incumbent Broadband Markets declined due to a 14.9% drop in video RGUs and a 1.3% decline in data ARPU

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $89.8

Revenue mln

Q3 EPS -$0.20

Q3 Net -$9.39

Income mln

Q3 $96.96

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the integrated telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Shenandoah Telecommunications Co ( SHEN ) is $26.00, about 50.3% above its October 28 closing price of $12.92

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)